Motorola Solutio Financials
This page shows Motorola Solutio (MSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Motorola Solutio has an operating margin of 25.6%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 24.9% the prior year.
Motorola Solutio's revenue grew 8.0% year-over-year to $11.7B, a solid pace of expansion. This earns a growth score of 51/100.
Motorola Solutio has elevated debt relative to equity (D/E of 3.49), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Motorola Solutio's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 21/100, which could limit financial flexibility.
Motorola Solutio converts 22.0% of revenue into free cash flow ($2.6B). This strong cash generation earns a score of 100/100.
Motorola Solutio earns a strong 89.4% return on equity (ROE), meaning it generates $89 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 92.6% the prior year.
Motorola Solutio scores 4.03, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($77.0B) relative to total liabilities ($17.0B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Motorola Solutio passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Motorola Solutio generates $1.32 in operating cash flow ($2.8B OCF vs $2.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Motorola Solutio earns $8.3 in operating income for every $1 of interest expense ($3.0B vs $360.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Motorola Solutio generated $11.7B in revenue in fiscal year 2025. This represents an increase of 8.0% from the prior year.
Motorola Solutio's EBITDA was $3.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.9% from the prior year.
Motorola Solutio generated $2.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 20.5% from the prior year.
Motorola Solutio reported $2.2B in net income in fiscal year 2025. This represents an increase of 36.6% from the prior year.
Motorola Solutio earned $12.75 per diluted share (EPS) in fiscal year 2025. This represents an increase of 38.1% from the prior year.
Motorola Solutio held $1.2B in cash against $8.4B in long-term debt as of fiscal year 2025.
Motorola Solutio paid $4.48 per share in dividends in fiscal year 2025. This represents an increase of 11.2% from the prior year.
Motorola Solutio had 166M shares outstanding in fiscal year 2025. This represents a decrease of 0.8% from the prior year.
Motorola Solutio's gross margin was 51.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.
Motorola Solutio's operating margin was 25.6% in fiscal year 2025, reflecting core business profitability. This is up 0.7 percentage points from the prior year.
Motorola Solutio's net profit margin was 18.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.9 percentage points from the prior year.
Motorola Solutio's ROE was 89.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.2 percentage points from the prior year.
Motorola Solutio invested $970.0M in research and development in fiscal year 2025. This represents an increase of 5.8% from the prior year.
Motorola Solutio spent $1.2B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 373.0% from the prior year.
Motorola Solutio invested $265.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 3.1% from the prior year.
MSI Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B+12.3% | $3.0B+8.8% | $2.8B+9.4% | $2.5B-16.0% | $3.0B+5.7% | $2.8B+18.5% | $2.4B+10.7% | $2.2B |
| Cost of Revenue | $1.6B+10.8% | $1.5B+7.6% | $1.4B+10.1% | $1.2B-16.0% | $1.5B+5.0% | $1.4B+14.7% | $1.2B+7.9% | $1.1B |
| Gross Profit | $1.8B+13.8% | $1.6B+10.0% | $1.4B+8.7% | $1.3B-16.0% | $1.5B+6.4% | $1.5B+22.4% | $1.2B+13.7% | $1.0B |
| R&D Expenses | $269.0M+13.5% | $237.0M+2.6% | $231.0M-0.9% | $233.0M-4.9% | $245.0M+12.4% | $218.0M+1.4% | $215.0M+2.4% | $210.0M |
| SG&A Expenses | $499.0M+2.9% | $485.0M+7.8% | $450.0M+3.2% | $436.0M-10.3% | $486.0M+14.9% | $423.0M+8.5% | $390.0M+6.0% | $368.0M |
| Operating Income | $944.0M+22.6% | $770.0M+11.3% | $692.0M+18.9% | $582.0M-28.5% | $814.0M+10.3% | $738.0M+42.5% | $518.0M+29.8% | $399.0M |
| Interest Expense | $117.0M+13.6% | $103.0M+45.1% | $71.0M+2.9% | $69.0M-6.8% | $74.0M+17.5% | $63.0M0.0% | $63.0M0.0% | $63.0M |
| Income Tax | $211.0M+31.1% | $161.0M-2.4% | $165.0M+43.5% | $115.0M-34.3% | $175.0M+56.3% | $112.0M-1.8% | $114.0M+44.3% | $79.0M |
| Net Income | $649.0M+15.5% | $562.0M+9.6% | $513.0M+19.3% | $430.0M-29.6% | $611.0M+2.5% | $596.0M+60.6% | $371.0M+33.5% | $278.0M |
| EPS (Diluted) | $3.85+15.6% | $3.33+9.5% | $3.04+20.2% | $2.53-29.1% | $3.57+2.9% | $3.47+61.4% | $2.15+33.5% | $1.61 |
MSI Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $19.4B+3.1% | $18.8B+14.5% | $16.4B+13.7% | $14.4B-1.1% | $14.6B+9.4% | $13.3B+8.8% | $12.3B-0.8% | $12.4B |
| Current Assets | $6.3B+8.4% | $5.8B-24.7% | $7.7B+30.8% | $5.9B-9.0% | $6.5B+13.2% | $5.7B+23.8% | $4.6B-4.1% | $4.8B |
| Cash & Equivalents | $1.2B+30.3% | $894.0M-72.1% | $3.2B+105.0% | $1.6B-25.6% | $2.1B+23.3% | $1.7B+140.1% | $710.0M-30.5% | $1.0B |
| Inventory | $983.0M+4.2% | $943.0M+9.5% | $861.0M+3.4% | $833.0M+8.7% | $766.0M-7.4% | $827.0M-18.9% | $1.0B-5.7% | $1.1B |
| Accounts Receivable | $2.2B+9.0% | $2.0B+9.0% | $1.9B+4.6% | $1.8B-9.3% | $2.0B+14.2% | $1.7B+13.0% | $1.5B+12.9% | $1.3B |
| Goodwill | $6.8B+0.4% | $6.8B+76.5% | $3.8B0.0% | $3.8B+8.9% | $3.5B+3.7% | $3.4B+3.2% | $3.3B+0.2% | $3.3B |
| Total Liabilities | $17.0B+3.1% | $16.5B+14.0% | $14.4B+12.9% | $12.8B-0.8% | $12.9B+2.2% | $12.6B+5.8% | $11.9B-1.7% | $12.1B |
| Current Liabilities | $6.1B+7.4% | $5.7B+26.8% | $4.5B-9.3% | $4.9B-2.6% | $5.1B-11.9% | $5.7B+52.3% | $3.8B-5.0% | $4.0B |
| Long-Term Debt | $8.4B0.0% | $8.4B+9.8% | $7.7B+34.9% | $5.7B0.0% | $5.7B+20.6% | $4.7B-21.8% | $6.0B0.0% | $6.0B |
| Total Equity | $2.4B+3.6% | $2.3B+18.2% | $2.0B+19.9% | $1.6B-3.6% | $1.7B+135.2% | $724.0M+114.8% | $337.0M+44.0% | $234.0M |
| Retained Earnings | $2.5B-1.7% | $2.6B+11.1% | $2.3B+5.0% | $2.2B-3.3% | $2.3B+40.2% | $1.6B+23.0% | $1.3B0.0% | $1.3B |
MSI Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.3B+57.4% | $798.0M+192.3% | $273.0M-46.5% | $510.0M-52.3% | $1.1B-14.1% | $1.2B+1238.7% | $93.0M+1262.5% | -$8.0M |
| Capital Expenditures | $114.0M+72.7% | $66.0M+37.5% | $48.0M+29.7% | $37.0M-57.0% | $86.0M+6.2% | $81.0M+52.8% | $53.0M-1.9% | $54.0M |
| Free Cash Flow | $1.1B+56.0% | $732.0M+225.3% | $225.0M-52.4% | $473.0M-51.9% | $984.0M-15.5% | $1.2B+2810.0% | $40.0M+164.5% | -$62.0M |
| Investing Cash Flow | -$192.0M+95.7% | -$4.4B-7291.7% | -$60.0M+87.4% | -$477.0M-345.8% | -$107.0M+55.8% | -$242.0M-317.2% | -$58.0M-9.4% | -$53.0M |
| Financing Cash Flow | -$802.0M-160.2% | $1.3B-3.1% | $1.4B+330.3% | -$597.0M-179.0% | -$214.0M+15.1% | -$252.0M+31.1% | -$366.0M-39.2% | -$263.0M |
| Dividends Paid | $182.0M0.0% | $182.0M0.0% | $182.0M0.0% | $182.0M+11.0% | $164.0M+12.3% | $146.0M-1.4% | $148.0M0.0% | $148.0M |
| Share Buybacks | $490.0M+305.0% | $121.0M-44.5% | $218.0M-32.9% | $325.0M+215.5% | $103.0M-23.1% | $134.0M-40.2% | $224.0M+60.0% | $140.0M |
MSI Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.3%+0.7pp | 51.6%+0.5pp | 51.1%-0.3pp | 51.4%0.0pp | 51.4%+0.3pp | 51.1%+1.6pp | 49.5%+1.3pp | 48.2% |
| Operating Margin | 27.9%+2.3pp | 25.6%+0.6pp | 25.0%+2.0pp | 23.0%-4.0pp | 27.0%+1.1pp | 25.9%+4.3pp | 21.6%+3.2pp | 18.4% |
| Net Margin | 19.2%+0.5pp | 18.7%+0.1pp | 18.6%+1.5pp | 17.0%-3.3pp | 20.3%-0.6pp | 20.9%+5.5pp | 15.4%+2.6pp | 12.8% |
| Return on Equity | 26.9%+2.8pp | 24.1%-1.9pp | 26.1%-0.1pp | 26.2%-9.7pp | 35.9%-46.4pp | 82.3%-27.8pp | 110.1%-8.7pp | 118.8% |
| Return on Assets | 3.4%+0.4pp | 3.0%-0.1pp | 3.1%+0.2pp | 3.0%-1.2pp | 4.2%-0.3pp | 4.5%+1.4pp | 3.0%+0.8pp | 2.3% |
| Current Ratio | 1.040.0 | 1.03-0.7 | 1.73+0.5 | 1.20-0.1 | 1.28+0.3 | 1.00-0.2 | 1.23+0.0 | 1.22 |
| Debt-to-Equity | 3.49-0.1 | 3.61-0.3 | 3.89+0.4 | 3.46+0.1 | 3.33-3.2 | 6.50-11.4 | 17.85-7.9 | 25.70 |
| FCF Margin | 33.8%+9.5pp | 24.3%+16.2pp | 8.1%-10.6pp | 18.7%-14.0pp | 32.7%-8.2pp | 40.9%+39.2pp | 1.7%+4.5pp | -2.9% |
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Frequently Asked Questions
What is Motorola Solutio's annual revenue?
Motorola Solutio (MSI) reported $11.7B in total revenue for fiscal year 2025. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Motorola Solutio's revenue growing?
Motorola Solutio (MSI) revenue grew by 8% year-over-year, from $10.8B to $11.7B in fiscal year 2025.
Is Motorola Solutio profitable?
Yes, Motorola Solutio (MSI) reported a net income of $2.2B in fiscal year 2025, with a net profit margin of 18.4%.
What is Motorola Solutio's earnings per share (EPS)?
Motorola Solutio (MSI) reported diluted earnings per share of $12.75 for fiscal year 2025. This represents a 38.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Motorola Solutio's EBITDA?
Motorola Solutio (MSI) had EBITDA of $3.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Motorola Solutio have?
As of fiscal year 2025, Motorola Solutio (MSI) had $1.2B in cash and equivalents against $8.4B in long-term debt.
What is Motorola Solutio's gross margin?
Motorola Solutio (MSI) had a gross margin of 51.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Motorola Solutio's operating margin?
Motorola Solutio (MSI) had an operating margin of 25.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Motorola Solutio's net profit margin?
Motorola Solutio (MSI) had a net profit margin of 18.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Motorola Solutio pay dividends?
Yes, Motorola Solutio (MSI) paid $4.48 per share in dividends during fiscal year 2025.
What is Motorola Solutio's return on equity (ROE)?
Motorola Solutio (MSI) has a return on equity of 89.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Motorola Solutio's free cash flow?
Motorola Solutio (MSI) generated $2.6B in free cash flow during fiscal year 2025. This represents a 20.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Motorola Solutio's operating cash flow?
Motorola Solutio (MSI) generated $2.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Motorola Solutio's total assets?
Motorola Solutio (MSI) had $19.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Motorola Solutio's capital expenditures?
Motorola Solutio (MSI) invested $265.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Motorola Solutio spend on research and development?
Motorola Solutio (MSI) invested $970.0M in research and development during fiscal year 2025.
Does Motorola Solutio buy back shares?
Yes, Motorola Solutio (MSI) spent $1.2B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Motorola Solutio have outstanding?
Motorola Solutio (MSI) had 166M shares outstanding as of fiscal year 2025.
What is Motorola Solutio's current ratio?
Motorola Solutio (MSI) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.
What is Motorola Solutio's debt-to-equity ratio?
Motorola Solutio (MSI) had a debt-to-equity ratio of 3.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Motorola Solutio's return on assets (ROA)?
Motorola Solutio (MSI) had a return on assets of 11.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Motorola Solutio's Altman Z-Score?
Motorola Solutio (MSI) has an Altman Z-Score of 4.03, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Motorola Solutio's Piotroski F-Score?
Motorola Solutio (MSI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Motorola Solutio's earnings high quality?
Motorola Solutio (MSI) has an earnings quality ratio of 1.32x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Motorola Solutio cover its interest payments?
Motorola Solutio (MSI) has an interest coverage ratio of 8.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Motorola Solutio?
Motorola Solutio (MSI) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.